The Federal Investigation Agency (FIA) has requested court authorization to access the Bitcoin trading platform linked to Armaghan Qureshi, the primary suspect in the Mustafa Amir murder case, as part of a money laundering investigation.
During a hearing on Wednesday, the FIA urged the court to issue directives for obtaining details of accounts allegedly created by Armaghan under the names of his employees. The agency also sought access to his trading history, transactions, and IP logs from cryptocurrency platforms.
The court has requested additional information from international cryptocurrency exchanges regarding the case.
Armaghan is already facing separate charges, with an FIR filed against him for money laundering and fraud. The FIA alleges that he was involved in hawala-hundi operations, digital currency fraud, and other illicit financial activities.
Currently in judicial custody, Armaghan is accused of orchestrating the abduction and murder of Mustafa Amir, who went missing on January 6. The case came to light after Armaghan allegedly opened fire on officers from the Anti-Violent Crime Cell (AVCC) during a raid at his residence in Karachi’s DHA earlier this month.
Mustafa Amir’s body was discovered near the Hub checkpoint on January 12. Following an initial DNA analysis, the remains were exhumed and later reburied.
Additionally, Armaghan has been accused of distributing drugs to hundreds of young individuals and subjecting several victims to physical abuse.
Last week, a local court rejected his request to record a confessional statement under Section 164 of the Criminal Procedure Code, citing concerns over his mental state. He reportedly alternated between confessing and withdrawing his statement before the judicial magistrate (South).
Financial Fraud and Call Center Scam
According to the latest FIR, Armaghan allegedly earned between $300,000 and $400,000 monthly through fraudulent activities. The money was converted into digital currency and used to acquire luxury vehicles.
The FIA claims he opened multiple bank accounts under his employees’ names and operated a call center that targeted US citizens. The fraudulent calls were used to extract sensitive information, which enabled him to siphon money from victims.
The FIR further alleges that Armaghan established his illegal call center in 2018, running a sophisticated fraud network. Employees at the center reportedly scammed at least five individuals daily.
Investigators also revealed that he sold five of his vehicles and currently owns three high-value cars. He allegedly co-founded a US-based company with his father, Kamran Qureshi—who is also in police custody—to facilitate hawala-hundi transactions.
